Bank of Canada Delivers Jumbo Rate Hike to Quell Inflation

Bank of Canada Delivers Jumbo Rate Hike to Quell Inflation

(Bloomberg) -- The Bank of Canada raised its interest rate by half a percentage point in its biggest hike in more than two decades, and said it would stop buying government bonds to shrink its balance sheet as it moves aggressively to wrestle inflation down from a three-decade high.

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